Subhash Chandra Khuntia

LIC May Propose 3-5 Years' Time for IDBI Bank Stake Cut

Cutting down from a high of 51 per cent stake will take longer and cannot be done in months, sources said, adding that the same may be conveyed by the LIC to the Insurance Regulatory and Development Authority of India (IRDAI). The decision is yet to reach finality, they said.